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Segment Information (Tables)
9 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Revenues and Operating Profits (Losses)

Segment revenues and operating profits (losses) for the three and nine months ended December 31, 2023 and 2022 were as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

 

 

$

 

 

$

 

 

$

 

Service

 

 

581,429

 

 

 

302,412

 

 

 

1,565,247

 

 

 

915,059

 

Total

 

 

581,429

 

 

 

302,412

 

 

 

1,565,247

 

 

 

915,059

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

144,525

 

 

 

147,163

 

 

 

523,517

 

 

 

400,569

 

Service

 

 

21,835

 

 

 

20,060

 

 

 

66,636

 

 

 

59,465

 

Total

 

 

166,360

 

 

 

167,223

 

 

 

590,153

 

 

 

460,034

 

Government systems

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

 

158,548

 

 

 

102,152

 

 

 

417,657

 

 

 

282,200

 

Service

 

 

222,202

 

 

 

79,657

 

 

 

560,688

 

 

 

232,766

 

Total

 

 

380,750

 

 

 

181,809

 

 

 

978,345

 

 

 

514,966

 

Elimination of intersegment revenues

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

1,128,539

 

 

$

651,444

 

 

$

3,133,745

 

 

$

1,890,059

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating profits (losses):

 

 

 

 

 

 

 

 

 

 

 

 

Satellite services

 

$

41,115

 

 

$

(8,421

)

 

$

(779,493

)

 

$

(13,142

)

Commercial networks

 

 

(70,343

)

 

 

(40,266

)

 

 

(73,972

)

 

 

(90,442

)

Government systems

 

 

77,029

 

 

 

24,809

 

 

 

164,268

 

 

 

42,655

 

Elimination of intersegment operating
   profits (losses)

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating profit (loss) before corporate
   and amortization of acquired intangible
   assets

 

 

47,801

 

 

 

(23,878

)

 

 

(689,197

)

 

 

(60,929

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of acquired intangible
   assets

 

 

(91,719

)

 

 

(7,433

)

 

 

(200,904

)

 

 

(22,335

)

Income (loss) from operations

 

$

(43,918

)

 

$

(31,311

)

 

$

(890,101

)

 

$

(83,264

)

Segment Assets Segment assets as of December 31, 2023 and March 31, 2023 were as follows:

 

 

 

As of
 December 31, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

Satellite services

 

$

3,729,631

 

 

$

424,881

 

Commercial networks

 

 

404,705

 

 

 

328,828

 

Government systems

 

 

1,281,096

 

 

 

293,780

 

Total segment assets

 

 

5,415,432

 

 

 

1,047,489

 

Corporate assets

 

 

11,235,223

 

 

 

6,682,848

 

Total assets

 

$

16,650,655

 

 

$

7,730,337

 

Other Acquired Intangible Assets, Net and Goodwill Included in Segment Assets and Amortization of Acquired Intangible Assets by Segment

Other acquired intangible assets, net and goodwill included in segment assets as of December 31, 2023 and March 31, 2023 were as follows:

 

 

Other Acquired Intangible
Assets, Net

 

 

Goodwill

 

 

 

As of
 December 31, 2023

 

 

As of
 March 31, 2023

 

 

As of
 December 31, 2023

 

 

As of
 March 31, 2023

 

 

 

(In thousands)

 

Satellite services

 

$

2,375,977

 

 

$

200,097

 

 

$

1,050,740

 

 

$

80,589

 

Commercial networks

 

 

 

 

 

 

 

 

41,188

 

 

 

41,014

 

Government systems

 

 

397,688

 

 

 

1,108

 

 

 

521,778

 

 

 

36,939

 

Total

 

$

2,773,665

 

 

$

201,205

 

 

$

1,613,706

 

 

$

158,542

 

 

Amortization of acquired intangible assets by segment for the three and nine months ended December 31, 2023 and 2022 was as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

(In thousands)

 

Satellite services

 

$

80,328

 

 

$

7,142

 

 

$

179,151

 

 

$

21,458

 

Commercial networks

 

 

 

 

 

 

 

 

 

 

 

 

Government systems

 

 

11,391

 

 

 

291

 

 

 

21,753

 

 

 

877

 

Total amortization of acquired
   intangible assets

 

$

91,719

 

 

$

7,433

 

 

$

200,904

 

 

$

22,335

 

Revenues by Geographic Area

Revenues by geographic area for the three and nine months ended December 31, 2023 and 2022 were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2023

 

 

December 31, 2023

 

 

 

(In thousands)

 

U.S. customers

 

$

769,135

 

 

$

2,239,718

 

Non-U.S. customers (each country individually insignificant)

 

 

359,404

 

 

 

894,027

 

Total revenues

 

$

1,128,539

 

 

$

3,133,745

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31, 2022

 

 

December 31, 2022

 

 

 

(In thousands)

 

U.S. customers

 

$

542,702

 

 

$

1,590,535

 

Non-U.S. customers (each country individually insignificant)

 

 

108,742

 

 

 

299,524

 

Total revenues

 

$

651,444

 

 

$

1,890,059